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bill clinton in the 1990s raise the taxes. raised the highest marginal tax rate and did better in terms of the economy job creation, economic growth, and economic performance by every measure than the years after george w. bush reduced the highest marginal tax rates. the evidence seems to point in the opposite direction, higher taxes on the wealthy help the economy, and don't hurt the economy. >> eliot: that is exactly the point that warren buffet has made over and over again. the preeminent investor over the years. he said i'm a capitalist. i want to make money. listen to robert reich. from an ideological point of view it seems to me from the inception of the republican party they want to cut taxes cut taxes this has been an effort to starve the beast. to say that there is no money for government, and you must cut the agenda. that seemed to be the agenda from the early reagan revolution revolution. >> david stockman came up with the phrase, starve the beast. he understood if you go deeper and deeper into debt and reduce tax r
bill clinton in the 1990s raise the taxes. raised the highest marginal tax rate and did better in terms of the economy job creation, economic growth, and economic performance by every measure than the years after george w. bush reduced the highest marginal tax rates. the evidence seems to point in the opposite direction, higher taxes on the wealthy help the economy, and don't hurt the economy. >> eliot: that is exactly the point that warren buffet has made over and over again. the...
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it's not a coincidence that the president was golfing with bill clinton this sudden. that is as much the president likes golf as much as an effort to say, here i am with the great dealmaker, the reasonable guy that everybody likes, regardless of whether clinton's actually giving him any advice on this although i'm sure he is. >> if you look back to the health care debate obama tried to appear reasonable last time and that didn't work well for him. what he's doing now is all the things he didn't do last time. starting with the unreasonable position, with what he wants rather than what he thinks he'll get which is a better bargaining position. he's going out and trying to get people to pick up the phone, take up, you know, twitter and facebook and tell congress we want to get this done. so he's doing a lot of the things from a negotiating standpoint that he didn't do last it time around, while still, you know, kind of queuing up the blame game as both sides are doing to make sure that other guy takes the fall if it doesn't work. >> and i think to eric's point, this is w
it's not a coincidence that the president was golfing with bill clinton this sudden. that is as much the president likes golf as much as an effort to say, here i am with the great dealmaker, the reasonable guy that everybody likes, regardless of whether clinton's actually giving him any advice on this although i'm sure he is. >> if you look back to the health care debate obama tried to appear reasonable last time and that didn't work well for him. what he's doing now is all the things he...
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karen, you worked with secretary of state clinton before. and she has been certainly trying to push the ball forward on this. when we talk about the balance between domestic priorities and international priorities, the sort of the party line is, look in a time of economic calamity, americans are focused on what's happening at home and not on the global stage. that complicates our efforts to intervene abroad. >> hillary has been outspoken and well spoken about why it matters to us at home, in part because of our moral leadership in the world. that's part of what was tragic about the vote that happened yesterday in the senate with the u.n. treaty on people with disabilities. america has this opportunity to lead, we hear the republicans talking about why aren't we leading more and more with our moral leadership, by saying human rights are important and you have someone like secretary clinton out there talking about it, talking about rights of women and girls everywhere she goes in a way we've never seen or heard before, so i think there's a lot
karen, you worked with secretary of state clinton before. and she has been certainly trying to push the ball forward on this. when we talk about the balance between domestic priorities and international priorities, the sort of the party line is, look in a time of economic calamity, americans are focused on what's happening at home and not on the global stage. that complicates our efforts to intervene abroad. >> hillary has been outspoken and well spoken about why it matters to us at home,...
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they said those earning over $250,000 a year should pay, go back to the clinton. i think ths a dead end argument for them. >> you don't want to go off the cliff, but you're willingness to go off the cliff in order to get the best deal is the democrats' leverage here. you have grover norquist running scared on how to strategize. let's listen to what he said. >> to get towards the end and if the republicans have played it right, they say look, let's push it out a month or two weeks so you should never go over, just as you do with continued resolutions. >> what's your response to that? >> i'm not sure what he said. >> he seems to be saying that you can just kick the can down the road and make some sort of continuing resolution deal to avoid ever hitting the cliff. >> i truly do not know what he's talking about. right now, everyone, republicans and democrats, agree that we should extend the bush tax cuts for those people earning less than $250,000 a year. in fact, on all income less than $250,000 a year and go into the next year dealing with the larger issues we know
they said those earning over $250,000 a year should pay, go back to the clinton. i think ths a dead end argument for them. >> you don't want to go off the cliff, but you're willingness to go off the cliff in order to get the best deal is the democrats' leverage here. you have grover norquist running scared on how to strategize. let's listen to what he said. >> to get towards the end and if the republicans have played it right, they say look, let's push it out a month or two weeks so...
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it's still acrimonious between former competitors, but it this relationship could being akin to that clinton/bush relationship. >> so let's say he doesn't have any public role in the sense of in this administration. matt, what do you think, what does he do next? >> a lot of people are speculating sort of what he might did. it's hard to tell what mitt romney himself is thinking. right now he's enjoying kicking back. you saw photos of him pumping gas, not a generous photo by any stretch, but other photos of him riding roller coasters at disneyland. next who knows. but he is having an office and the office is in boston. so there have been speculation right after the election that he may sort of relocate for all intents and purposes to the west coast and to his house out there. so it does seem like he'll keep his ties in boston at least. >> good to see you gentlemen. thank you. >>> today's tweet of the day mixes politics and power ball. i was suggesting earlier that a patriotic lottery winner could help bring down the deficit, but apparently not by much. "it would only take the government 80 min
it's still acrimonious between former competitors, but it this relationship could being akin to that clinton/bush relationship. >> so let's say he doesn't have any public role in the sense of in this administration. matt, what do you think, what does he do next? >> a lot of people are speculating sort of what he might did. it's hard to tell what mitt romney himself is thinking. right now he's enjoying kicking back. you saw photos of him pumping gas, not a generous photo by any...
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. >> you saw hillary clinton leading the applause. really, you know, to be fair about it, the officer in charge was the state department and the cia. you're going to take the u.n. ambassador, haul her before all these people the last couple of days as if she's the expert on benghazi. >> the big thing is not what she said on a talk show. it's what actually happened and what should be done after it. if you look at the talking point, unclassified talking points, she didn't sit there and weigh and decide what to say. she kind of did what many people in washington, including senators often do, stuck to the unclassified talking points and didn't go into the other stuff. >> they believe she shifted -- to get her testimony we got here from susan collin, she believes the ambassador to the u.n. went on television on sunday, not a talk show, but "meet the press," which is about establishing hard news on sunday, it's a very -- you know the cycle -- >> he no, we -- >> the government puts officials on to make official statements. >> right. >> her o
. >> you saw hillary clinton leading the applause. really, you know, to be fair about it, the officer in charge was the state department and the cia. you're going to take the u.n. ambassador, haul her before all these people the last couple of days as if she's the expert on benghazi. >> the big thing is not what she said on a talk show. it's what actually happened and what should be done after it. if you look at the talking point, unclassified talking points, she didn't sit there...
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secretary clinton did that today. you can't get any more aggressive than that. >> some recent polling shows that where as americans don't like the way benghazi was handled, they don't think they were intentionally trying to mislead the people. they are trying to say the president did want us to know how bad the threat from al qaeda was. the decision was made to modify those talking points because we didn't want the enemy to know what was going on, not because there was an attempt to mislead the american people. >> there is a report out that ambassador susan rice has a major financial stake in the pipeline. if she is nominated, i would assume this would be a problem in her confirmation hearings. let's say she is secretary of state. wouldn't this be a conflict of interest? >> it could be. that would be a valid question in the course of if she were put forward for nomination. let's take a step back. she has complied with, it is my understanding, all of the rules and regulations to her current position. if she were to be
secretary clinton did that today. you can't get any more aggressive than that. >> some recent polling shows that where as americans don't like the way benghazi was handled, they don't think they were intentionally trying to mislead the people. they are trying to say the president did want us to know how bad the threat from al qaeda was. the decision was made to modify those talking points because we didn't want the enemy to know what was going on, not because there was an attempt to...
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it hasn't been that way since they controlled all of congress probably in the clinton years. really what we're seeing is if democrats are worried, are they can't sort of change the conversation and move the needle on taxes with all the things they have going for them right now in this political moment, when can they? >> nick, let's talk about the other side of this fiscal cliff negotiations and those are cuts. bowles told reporters yesterday it seemed as though republicans were clear there's a need for revenue and democrats need to recognize the need for entitlement reform. what exactly do you think, if you can peer into your crystal ball, what's exactly on the table here. you know, are we going to get -- >> i can't see the crystal ball. it's in the studio. >> are we going to get significant entitlement reform or are we probably going to be left with at best maybe raising the retirement age for social security or raising the eligibility age for medicare? >> you know, i'd be very surprised to see social security be a part of the discussion here. >> at all? >> because it's not
it hasn't been that way since they controlled all of congress probably in the clinton years. really what we're seeing is if democrats are worried, are they can't sort of change the conversation and move the needle on taxes with all the things they have going for them right now in this political moment, when can they? >> nick, let's talk about the other side of this fiscal cliff negotiations and those are cuts. bowles told reporters yesterday it seemed as though republicans were clear...
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president obama often talks about returning to clinton era tax rates. he wants to raise much more revenue from high earners than the clinton era tax code would have raised. and president clinton also dramatically lowered capital gains taxes, and that generally benefited high-earners. so a lot of folks believe that's something that balanced out against the increases on ordinary income. so, you know, that's something that arguably contributed to that surge in technology stocks and much else that created surpluses in the latter half of the clinton presidency. it's a more complicated picture. definitely there are folks who want tax increases but let's not gloss over president obama is talking about way higher taxes than we saw during the clinton era on the high earners. >> that's true. all right. want to talk about a party going on tonight. james, pretty good. there is a party going on, jack kemp foundation is having a party and marco rubio is speaking. paul ryan is speaking. they both want to have complete makeovers. you know -- marco rubio doesn't want to
president obama often talks about returning to clinton era tax rates. he wants to raise much more revenue from high earners than the clinton era tax code would have raised. and president clinton also dramatically lowered capital gains taxes, and that generally benefited high-earners. so a lot of folks believe that's something that balanced out against the increases on ordinary income. so, you know, that's something that arguably contributed to that surge in technology stocks and much else that...
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and none other than william jefferson clinton playing. imagine the conversation out there on the links at andrews. >>> up next, we'll talk to the former senate majority leader who recently served as u.s. special envoy for middle east peace. was the leading peace negotiator for that region, former senator george mitchell will join us live on the other side of the break. we'll spend some time with him. >>> and record rainfall up and down the west coast. a live report from one northern california town, where the river is literally rushing through it. >>> money was the single most important factor in the election. >> a little bit later, former president jimmy carter said president obama's re-election win was his grandson's doing. we're dead serious. we'll tell you why, we're watching msnbc. the place for politics. the way it cleans. everything about the oral-b power brush is simply revolutionary. oral-b power brushes oscillate, rotate and even pulsate to gently loosen and break up that sticky plaque with more brush movements than manual brush
and none other than william jefferson clinton playing. imagine the conversation out there on the links at andrews. >>> up next, we'll talk to the former senate majority leader who recently served as u.s. special envoy for middle east peace. was the leading peace negotiator for that region, former senator george mitchell will join us live on the other side of the break. we'll spend some time with him. >>> and record rainfall up and down the west coast. a live report from one...
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remember, he was the one that went after huma abedin, hillary clinton's aide in the secretary of state office and accused her of being aligned with the brotherhood. she needed additional security. this man is irresponsible and dangerous. the fact he's serving in congress is disturbing to me. >> there are a number of conspiracy theories on the president. the birther nonsense, the muslim theory, he's a socialist, he's a communist. now they think he's trying to repeal the 22nd amendment so he can win a third term. what about that? >> it just doesn't get any more bizarre. i have to tell you, i have a little bit of a different take besides the fact i think louie gohmert is obviously a bit crazy. i think he's also a narcissist. this man lives on television. he lives on radio. he is on all the time. that's why we're hearing all these conspiracy theories. you know what would be great, if he spent half the time he spent on tv spinning these wild theories on working on helping to fix the country and the problems that are wrong with this country. and the fact he spends so much time on these other
remember, he was the one that went after huma abedin, hillary clinton's aide in the secretary of state office and accused her of being aligned with the brotherhood. she needed additional security. this man is irresponsible and dangerous. the fact he's serving in congress is disturbing to me. >> there are a number of conspiracy theories on the president. the birther nonsense, the muslim theory, he's a socialist, he's a communist. now they think he's trying to repeal the 22nd amendment so...
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there is new speculation that hillary clinton will run for president in 2016. fueling the newest speculation you might ask? here appearance at the annual conference on middle east policy that took place in washington friday night. more than 10 minute video tribute. secretary clinton was praised by political rivals from senator onmccain and the president and by other world leaders. >> someone who knows a thing or two about political comebacks, i don't think we've heard the last of hillary clinton. ♪ girl you're amazing just the way you are ♪ >> i just have an instinct that the best is yet to come. >> i prepared some remarks for tonight, but then i thought maybe we could just watch that video a few more times. and then the next time i could count the hairstyles, which is one of my favorite past times. >> joining me now is ken vogel. you heard bibi netanyahu say he has an instinct the best is yet to come. what would be better perhaps some say than seeing hillary clinton run for president? >> indeed. that's what a lot of her supporters want. they are actually l
there is new speculation that hillary clinton will run for president in 2016. fueling the newest speculation you might ask? here appearance at the annual conference on middle east policy that took place in washington friday night. more than 10 minute video tribute. secretary clinton was praised by political rivals from senator onmccain and the president and by other world leaders. >> someone who knows a thing or two about political comebacks, i don't think we've heard the last of hillary...
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though clinton came out. leon panetta became my first boss. he came to me the first night -- the president wants to know how to break these cap numbers. i said, you can do it. we wrote a lot to do it. he was not able to do that. but what he was able to do was because there were just one cap for all spending, defense spending went way down, non- defense discretionary way up. i called this his revenge because all those numbers actually in total were held. there were small amounts for emergencies, but the numbers tell, the distribution between the numbers. but to get away from the press, to get away from -- we will have to do it now just as we did it then. it will eventually come to an agreement with president obama and speaker boehner. what ever can be done now to get to that process, the sooner we get there, the better off we will be. will we get there before the new year? i do not know. but one reason it is good to look back at andrews is that help us get to an agreement. we had problems, but we essentially got there. that is the precedent tha
though clinton came out. leon panetta became my first boss. he came to me the first night -- the president wants to know how to break these cap numbers. i said, you can do it. we wrote a lot to do it. he was not able to do that. but what he was able to do was because there were just one cap for all spending, defense spending went way down, non- defense discretionary way up. i called this his revenge because all those numbers actually in total were held. there were small amounts for emergencies,...
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brought back to where they were under clinton. that's the catalyst that has to be brought home to republicans. they can make the deal whenever but they best make it now. if they make it late there will be hell to pay for all of us, including them. the people running the government. the politicians. good politicians don't take their countries off of cliffs. that's "hardball" for now. thanks for being with us. "politicsnation" with al sharpton starts right now. >>> thanks, chris. and thanks to you for tuning in. i'm live from washington, d.c. tonight's lead, the end of an era. for more than 20 years republicans have calmed to the one policy that's crippled our ability to get things done in washington. do you remember this? >> read my lips. no new taxes. >> read my lips, no new taxes. george h.w. bush hammered that mantra to win the white house in 1988. but just two years later, the reagan deficits were skyrocketing and president bush was forced to change his most famous line. >> long and bitter battle over the budget officially ende
brought back to where they were under clinton. that's the catalyst that has to be brought home to republicans. they can make the deal whenever but they best make it now. if they make it late there will be hell to pay for all of us, including them. the people running the government. the politicians. good politicians don't take their countries off of cliffs. that's "hardball" for now. thanks for being with us. "politicsnation" with al sharpton starts right now. >>>...
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yesterday, secretary hillary clinton shared some very good news on the global battle with aids. take a listen. >> just last week, u.n. aides announced that over the past decade, the rate of new hiv in fecships has dropped by more than half in 25 low and middle-income countries, most of them in subsaharan africa. >> this is good news when it comes to the battle that's taking place in africa but here at home the cbc came out with this report that shows hiv cases were up 72% -- excuse me 72% among the lgbt community, young men, 57% african-american. why are we seeing lapses backwards? >> well, we're 30 years in now and it is a completely unique moment in the pandemic. we're filled with optimism. secretary clinton went before aids activists at the international aids conference this summer and, like all the leaders there, said we can end aids. we do have the tools now to actually wind this down. but there's an equal amount of frustration because we're lacking true leadership and we're lacking the dollars. we forget that one of act up's greatest victories was pushing our leaders to sp
yesterday, secretary hillary clinton shared some very good news on the global battle with aids. take a listen. >> just last week, u.n. aides announced that over the past decade, the rate of new hiv in fecships has dropped by more than half in 25 low and middle-income countries, most of them in subsaharan africa. >> this is good news when it comes to the battle that's taking place in africa but here at home the cbc came out with this report that shows hiv cases were up 72% -- excuse...
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administration and was one of the first big catches who was not for hillary clinton back in the primary, barack obama remembers. >> molly ball, before i let you guys get out of here. if this thing does play out like some does suspect and john kerry ends up getting nominated to run the pentagon, that makes for a very interesting senate race in the state of massachusetts, once again. >> maybe, maybe not. what people keep forgetting in all of this is that the massachusetts legislature is run by democrats who could always just change the law back so that there's not a special election and it becomes an appointment, again. yes, some dominos falling in massachusetts if senator kerry gets that post, particularly if there is an election, which is the state of the law right now. scott brown expected to run for it and about as strong a republican as you can get in the state of massachusetts. >> molly ball, thank you so much. lynn sweet, one of my favorite ladies. lynn, i did not get to ask you about your jesse jackson, but i would encourage folks to read on what you wrote over gesjesse jackson jr
administration and was one of the first big catches who was not for hillary clinton back in the primary, barack obama remembers. >> molly ball, before i let you guys get out of here. if this thing does play out like some does suspect and john kerry ends up getting nominated to run the pentagon, that makes for a very interesting senate race in the state of massachusetts, once again. >> maybe, maybe not. what people keep forgetting in all of this is that the massachusetts legislature...
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that vote of confidence, the person that led that clapping, the outgoing secretary of state hillary clinton also spoke out in rice's defense. >> susan rice has done a great job as our ambassador to the unit nations. of course, this decision about my successor is up to the president. >> still rice had to spend another rough day on capitol hill discussing benghazi with skeptical senate republicans. >> the u.n. ambassador decided to play what was essentially a political role at the height of the contentious presidential election campaign. >> i would just ask the president to step back for a moment and realize that all of us here hold the secretary of state to a very different standard than most cabinet members. >> one rice ally, senator joe lieberman tried to take the focus off of rice this morning. >> i hope we can focus on what i think are the more important parts of our investigation which is what did our government know and what could it have done before the terrorist attack to protect the lives of the americans who were there. >> don't forget something here. this is not susan rice's first
that vote of confidence, the person that led that clapping, the outgoing secretary of state hillary clinton also spoke out in rice's defense. >> susan rice has done a great job as our ambassador to the unit nations. of course, this decision about my successor is up to the president. >> still rice had to spend another rough day on capitol hill discussing benghazi with skeptical senate republicans. >> the u.n. ambassador decided to play what was essentially a political role at...
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and secretary clinton moves widely throughout the region, as does secretary panetta. and the amount of activities that i do and my forces do have been a prompt jump of what we've done in the past, and we're looking for opportunities to do more exercise. we are doing more of those things already. and i think it's visible to our allies, i think it's visible to our partners, visible to the region. we often want to jump to the, well, where's the next submarine or aircraft carrier, and that's always the signal. and we will over time, as you've heard secretary panetta say, we will rebalance our navy towards the pacific. and we'll -- i've already mentioned in my opening remarks, we're rapidly moving our most capable assets into the region because of some the ballistic missile defense threats we face and those types of things. so i think it's not about one thing, it's about a holistic approach. and what i do on the military side is only one aspect of it. it's got to be tied to what's happening in the economic side and what's happening in the diplomatic side. and so we're work
and secretary clinton moves widely throughout the region, as does secretary panetta. and the amount of activities that i do and my forces do have been a prompt jump of what we've done in the past, and we're looking for opportunities to do more exercise. we are doing more of those things already. and i think it's visible to our allies, i think it's visible to our partners, visible to the region. we often want to jump to the, well, where's the next submarine or aircraft carrier, and that's always...
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a combination of allowing the rates on high earners to go back up to what they were under president clinton, and reducing the value of tax deductions and other tax benefits that they get. before i get to how much can be raised by the second, let me just say the president is very, very supportive of curbing tax deductions for high-income households. it's been a part of his plan from his very first budget. in fact, he was and remains the only major leaguer in washington that has put forward a specific, explicit plan that would limit those tax benefits for high- income households that's been examined by the joint committee on taxation, which is the official referee for these issues in congress. that plan, though, doesn't raise the revenue that you need. so out of the president's $1.6 trillion, $950 billion comes from decoupling. decoupling is the high-income rates going away, the middle- class tax cuts becoming permanent. that gets you $950 billion of revenue. the question is could you plausibly replace that revenue just by limiting tax expenditures. there have been lots of different ideas out
a combination of allowing the rates on high earners to go back up to what they were under president clinton, and reducing the value of tax deductions and other tax benefits that they get. before i get to how much can be raised by the second, let me just say the president is very, very supportive of curbing tax deductions for high-income households. it's been a part of his plan from his very first budget. in fact, he was and remains the only major leaguer in washington that has put forward a...
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going back to the clinton tax rates, remember, the average american family has taken a hit. median income four years ago was $54,000 a year. it is about $50,000 a year now. this portion of the population has been squeezed. adding taxes on 90% will not be helpful. how much do you want folks to bear? freezing those tax rates for the overwhelming majority of americans is a smart thing to do. host: you said fight later on. guest: the fight would start the next day. we could do what i'm talking about, and negotiations could continue. doing what i'm talking about does not violate what either side is fighting over. they both say this is something we want to do. why not make sure we do not have some last-minute failure at the end of december. guest: what gives you confidence that democrats would agree later on? guest: this is where i disagree with some of my colleagues. they seem to think the american people are leveraged, and this is the democrats leverage. our leverage is in the spending and entitlement issues. the president and his negotiators are smart and able people. they know
going back to the clinton tax rates, remember, the average american family has taken a hit. median income four years ago was $54,000 a year. it is about $50,000 a year now. this portion of the population has been squeezed. adding taxes on 90% will not be helpful. how much do you want folks to bear? freezing those tax rates for the overwhelming majority of americans is a smart thing to do. host: you said fight later on. guest: the fight would start the next day. we could do what i'm talking...
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, chris cizilla indicates strong support for hillary clinton. she has really i guess she's the most popular figure in american politics. >> she is at her highest popularity rating that we have ever in "the washington post"/abc poll measured her and almost six in ten, 57% of americans, this isn't democrats, this is the american public broadly, want her to run for president in 2016. now, i would say, if she becomes a candidate, i think -- inevitably she'll be seen much more in that partisan atmosphere, some of her stratospheric numbers will drop down. i would say she has been skeptical very skeptical of running. if you look at these numbers if you have any interest of being the president of the united states this may be a hard race to say no to. >> i think the rest of the political world knows what is likely to happen. chris cizilla, thank you very much. susan page, always great to see you. >> coming up the fiscal fight continuing. he split with his party on taxes. what is republican tomb cole saying now? first as john boehner look lights the capi
, chris cizilla indicates strong support for hillary clinton. she has really i guess she's the most popular figure in american politics. >> she is at her highest popularity rating that we have ever in "the washington post"/abc poll measured her and almost six in ten, 57% of americans, this isn't democrats, this is the american public broadly, want her to run for president in 2016. now, i would say, if she becomes a candidate, i think -- inevitably she'll be seen much more in...
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we go back to the clinton tax rates. and we make significant cuts to the deficit and they say, hey, they did something substantial about the major financial problem that's facing this country. >> what about the entitlements issue? the president's plan calls for $1.6 trillion in tax increases in ten years. $400 billion in entitlement cuts without being specific. are you worried that republicans will have to own the push to make cuts to medicare and medicaid and capping mortgage interest deductions? >> ultimately for republicans the best thing is to get some bipartisan agreement on cutting entitlements. they are disadvantaged on that issue right now. but entitlements are where the money is. you have to look at medicare and medicaid in terms of finding savings. it doesn't get meaningful until you look at those programs combined with revenue. >> can i ask you, is the government capable of spending less money than it takes in? can they generate a surplus in these times. >> they did it during bill clinton. >> that was a couple
we go back to the clinton tax rates. and we make significant cuts to the deficit and they say, hey, they did something substantial about the major financial problem that's facing this country. >> what about the entitlements issue? the president's plan calls for $1.6 trillion in tax increases in ten years. $400 billion in entitlement cuts without being specific. are you worried that republicans will have to own the push to make cuts to medicare and medicaid and capping mortgage interest...
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some people are painting this as a tea party against the clintons in mcauliffe. things can still happen. it looks like a fascinating race. >> chris, as you know, political reporters, we only have two gubernatorial races to cover. we give a lot of attention to virginia and new jersey. what's fascinating about virginia, since i've been covering politics on the national stage, the off-year election has proved to be a template if that party that's out of power wins. 2005, tim kaine ends up running a race, appealing to independents, sfresing his religious faith. actually kind of having a very soft appeal to a lot of folks. he's adopted that 2006 and 2008. a lot of the ideas barack obama ran on in 2008 was tim cane. >> he endorsed him for president, just as a sidebar. >> mcdonnell was focused like a laser on the economy. what did we see republicans do? focus on the economy. try to turn social issues away. he was very successful in 2005. house republicans and senate republicans successful. mitt romney not so much in 2012. that's why virginia does matter. >> testing grou
some people are painting this as a tea party against the clintons in mcauliffe. things can still happen. it looks like a fascinating race. >> chris, as you know, political reporters, we only have two gubernatorial races to cover. we give a lot of attention to virginia and new jersey. what's fascinating about virginia, since i've been covering politics on the national stage, the off-year election has proved to be a template if that party that's out of power wins. 2005, tim kaine ends up...
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he says representative cole if we restore the clinton tax rates today than in ten years, 2022, we have the deficit where it should be. >> guest: he is certainly correct to generate a great deal more revenue. if we did that let's say they made for under $50,000 that is a 2,000-dollar tax increase and again i don't think the president wants to do that. he said he doesn't want to do that our side doesn't want to do that. you know, going back to the clinton tax rate, and remember the average american family has taken a terrific hit. the median household income for years ago when the president became the president was around $54,000 a year and is about 50 now. so this portion of the population which is gotten squeezed tremendously i don't think adding an extra tax at the 98 percent is going to, number one, be very helpful to the more helpful to the economic growth. number two it's how much you want the folks to pay? so again, freezing those tax rates with an overwhelming majority of americans is a smart thing to do, we ought to do it and both sides say they want to. >> host: and you said ea
he says representative cole if we restore the clinton tax rates today than in ten years, 2022, we have the deficit where it should be. >> guest: he is certainly correct to generate a great deal more revenue. if we did that let's say they made for under $50,000 that is a 2,000-dollar tax increase and again i don't think the president wants to do that. he said he doesn't want to do that our side doesn't want to do that. you know, going back to the clinton tax rate, and remember the average...
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the economy did pretty damn well under bill clinton. haven't we already seen evidence of the fact that what john boehner -- evidence, actual real, world evidence that what john john boehner is saying is not true. >> it is a point that democrats are talking about. >> bill: i'm asking you in your research. >> well, you know, it is not mine to say. you could also argue that spending cuts that were put in place during the -- when republicans held the house during the '90s, republicans argue that helped the economy. it wasn't all just bill clinton and his tax rates. there are multiple sides to that coin. i think that you could kind of argue both sides there. >> bill: all right. well thank you steven for joining us. we don't argue both sides on this show. uh-huh. i think that eight years of bill clinton and 22 million new jobs and eight years of sustained economic growth speaks loudly and is all of the proof that we need. we'll be right back. >> announcer: this is the "bill press show." right have, about the "heavy hand of government" ... i w
the economy did pretty damn well under bill clinton. haven't we already seen evidence of the fact that what john boehner -- evidence, actual real, world evidence that what john john boehner is saying is not true. >> it is a point that democrats are talking about. >> bill: i'm asking you in your research. >> well, you know, it is not mine to say. you could also argue that spending cuts that were put in place during the -- when republicans held the house during the '90s,...
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but those tax rates during the clinton years were pretty prosperous years. i think the american people would be happy to go back to the prosperity we enjoyed then. they weren't a damper on the economy. i think it fair that we go back to those rates. >> i understand not wanting to negotiate with yourselves but you have to negotiate with somebody. so -- yes or no -- would you settle for something lower than 36.9%? >> i don't want to say what my line would be. we have to make compromises. if the rates do come up whether they have to come up to precisely the way they were during the clinton administration it can be a subject for negotiation. >> for instance let me ask you specifically. would you favor support if you need to lowering the eligibility rate for medicare -- raising it rather. >> oh i don't think we should make changes to medicare. it's not responsible for the deficit and debts. neither is social security. you're right, medicare and social security have long-term fiscal challenges. they need to be dealt with. i don't agree with connect connecting thos
but those tax rates during the clinton years were pretty prosperous years. i think the american people would be happy to go back to the prosperity we enjoyed then. they weren't a damper on the economy. i think it fair that we go back to those rates. >> i understand not wanting to negotiate with yourselves but you have to negotiate with somebody. so -- yes or no -- would you settle for something lower than 36.9%? >> i don't want to say what my line would be. we have to make...
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clinton 95 of them. isn't this destined for the supreme court? if you have the legislative branch and the executive branch disagreeing, then you need the third arbiter here. >> reporter: yes, but sometimes the third arbiter says, this is strictly a political question. it's not really for us to decide it. so i don't know how it will come out. the courts may decide. the tactics being used to challenge the president's recess authority. what's happening is the business groups with the backing of the chamber of commerce are criticizing decisions made by the national labor relations board. >> right. >> because kaat the same time t president put three members on the mlrb. that's how they're attacking the recess power. >> all right. pete williams, this should be interesting. >> reporter: you bet. >> we'll see if they punt, i'd rather see this go to the supreme court. that's what the constitution is for. >> reporter: from a journalistic point of view. >> you love it when the constitution is used. >> reporter: absolutely. >>> the opening bell rang just rig
clinton 95 of them. isn't this destined for the supreme court? if you have the legislative branch and the executive branch disagreeing, then you need the third arbiter here. >> reporter: yes, but sometimes the third arbiter says, this is strictly a political question. it's not really for us to decide it. so i don't know how it will come out. the courts may decide. the tactics being used to challenge the president's recess authority. what's happening is the business groups with the backing...
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that proposal said we should revert back to the same tax plan we had when clinton was president. protect those making less than $250,000 a year. we had rounds of talks. they talked about all kind of things including entitlements. we had the talks with biden. we had two round of talks with boehner and the president. we had boles simpson. we're not going to get into that. we have made our proposal. let them come forward with something. the issue is pretty simple as was shown during all the presidential depate's and during all the conversation during the come tain -- campaign. you can't get from here to there unless you raise the rates. >> do you support the president's plan to lower the corporate tax rate to 20%? >> i'm not trying to be rude to to you but i just answered that question. we have made our proposal. the president made a proposal to the republicans to raise the top rates and we're not going to negotiate here with everybody else. >> [indiscernible] >> how big does the town payment have to be? >> we know racing those top rates is about a trillion dollars and we can go fro
that proposal said we should revert back to the same tax plan we had when clinton was president. protect those making less than $250,000 a year. we had rounds of talks. they talked about all kind of things including entitlements. we had the talks with biden. we had two round of talks with boehner and the president. we had boles simpson. we're not going to get into that. we have made our proposal. let them come forward with something. the issue is pretty simple as was shown during all the...
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he worked as chief of staff in the clinton white house on the domestic policy council. he was the chief officer of the progressive policy institute. i want to remind you of a piece that came out before the election. people will clamor him to pursue a grand bargain. you can respond to any or all of that. guest: paul krugman is not a fan. i wish he would sit down with them and go into more details. there are some things he may not be aware of. on taxes, we'd do lower rates. this seems to be a problem for some people to grasp. how can you lower rates will we need more revenue? you do that by broadening the base. economists, a lot of them disagreed on the positive impact of simplifying the tax code or tax reform. most agree there is some evidence. we have some studies based on the 1986 tax reform plan. that impacted gdp in a positive way by about one percentage point. there is no consensus, but there is a general understanding there is a benefit. anyone who has done their taxes can understand this. the time alone to do your taxes, even with the great software, we have 70% o
he worked as chief of staff in the clinton white house on the domestic policy council. he was the chief officer of the progressive policy institute. i want to remind you of a piece that came out before the election. people will clamor him to pursue a grand bargain. you can respond to any or all of that. guest: paul krugman is not a fan. i wish he would sit down with them and go into more details. there are some things he may not be aware of. on taxes, we'd do lower rates. this seems to be a...
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that's how it worked in the clinton years. that's how every deal we've gotten with the president has worked. that's how this deal will work. >> you're not going to get a majority of the majority unless there's significant cuts. the president needs to understand john boehner is the best -- the best negotiating partner he's going to ever have. and he's got to also understand conservatives, you know, i've been talking about republicans improving their brand, being more cooperative. i wouldn't vote for a deal to raise taxes in a million years. unless there were significant real substantial spending cuts on the other side. so -- >> don't cave. compromise. as you said. >> don't cave, compromise. >> congressmen kris van hollen and tom cole. >> we appreciate it. >> good luck. i hope you get it done. you're going to get it done. david gregory, thank you as well. >> thank you, david. >> you bet. >>> coming up, senator claire mccaskill will be here, my favorite senator. >> the luckiest senator, in fact, this past year. >> oh, cokie rober
that's how it worked in the clinton years. that's how every deal we've gotten with the president has worked. that's how this deal will work. >> you're not going to get a majority of the majority unless there's significant cuts. the president needs to understand john boehner is the best -- the best negotiating partner he's going to ever have. and he's got to also understand conservatives, you know, i've been talking about republicans improving their brand, being more cooperative. i...
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letting the rich go up to the sum of aware for the clinton cabinet permission. republicans know where we stand. we have said it so many times. it has been at least two weeks since met at the warehouse. now is the time for republicans to move past the happy talk. to put specifics of the table. the president made his proposal. we need a proposal from him. the rest of the glove there are a reasonable republicans britain from the pack. do members have said this and sang it. they should bring to the floor of the house the bill does pass over here would pass a center of the press today. the house republicans, if it would simply allow a vote. we're not going to kick the can down the road. we will finalize this this year. the american people want us to avoid the fiscal cliff with a balanced approach the average middle-class family looking at a tax increase of $2,200 looking in january 1. we will not let that happen. if that happens will be under the leadership of john boehner. we will protect the middle- class. to force a balanced agreement we need republicans to come f
letting the rich go up to the sum of aware for the clinton cabinet permission. republicans know where we stand. we have said it so many times. it has been at least two weeks since met at the warehouse. now is the time for republicans to move past the happy talk. to put specifics of the table. the president made his proposal. we need a proposal from him. the rest of the glove there are a reasonable republicans britain from the pack. do members have said this and sang it. they should bring to the...
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secretary of state clinton was in the region last week. she met with president abbas and tried to pressure him. let's listen to what she told reporters yesterday. >> no matter what happens at the united nations, it will not produce the outcome that this government, this president and certainly i strongly support. the only way to get a lasting solution is to commence direct negotiation. >> so israel is opposed to this and threatened sanctions against the palestinian if it goes through, threatening about $100 million a month withholding of palestinian revenue and the u.s. fears could lead to renewed violence between israelis and palestinians to lead them further away from a deal. so much so that the u.s. is threatening to withhold aid to the palestinians if this goes ahead. >> the former israeli prime minister said, quote, it lays the foundation for a two-state solution. is there a reason to believe once palestinians get u.n. recognition that they will not go back to the negotiating table with israel? >> well, that's what president abbas sai
secretary of state clinton was in the region last week. she met with president abbas and tried to pressure him. let's listen to what she told reporters yesterday. >> no matter what happens at the united nations, it will not produce the outcome that this government, this president and certainly i strongly support. the only way to get a lasting solution is to commence direct negotiation. >> so israel is opposed to this and threatened sanctions against the palestinian if it goes...
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i keep going back to the 1990s, who would ever look at bill clinton and think -- would look at bill clinton and newt gingrich as the models of, you know, of compromise in the age of impeachment. but those guys did not like each other at the beginning of the process. in fact, they hated each other in '94. but they spent four years behind closed doors, you know, knocking each other's heads. they figured out how to balance the budget together. and they will both say it. the president will say to gingrich, gingrich will say to the president, four years in a row for the first time since the '20s, and the president is flying off today to a campaign rally. i'm rooting for the president. i am. i'm rooting for boehner. i really am. i want them to all succeed. i want us to avert this crisis. it depresses me, though, the way the president's team is having him perform on the national stage. i think this is a bad mistake. >> i think it's too early to tell. "national review's" jim garrity, thank you. eugene robinson, thank you as well. your post is online at washingtonpost.com. >> can we go to richard? w
i keep going back to the 1990s, who would ever look at bill clinton and think -- would look at bill clinton and newt gingrich as the models of, you know, of compromise in the age of impeachment. but those guys did not like each other at the beginning of the process. in fact, they hated each other in '94. but they spent four years behind closed doors, you know, knocking each other's heads. they figured out how to balance the budget together. and they will both say it. the president will say to...
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quadrupling under clinton, worse under bush, than it was at the beginning. job creation records under the clinton administration when you had the higher rate, under the bush administration, the only measure you're looking at, is it or is it not the worst since the great depression? obviously those who are paying the high rate have more of a financial interest in the stock market because there's a little bit of tax increase we're talking about, they will more than offset that by the stock market going up like it did under the clinton administration. if you look at the taxes they saved under bush, if they could have gotten the returns on the stock market under clinton they would have gotten 10 to 20 times more returns in the stock market than they played in lower taxes. ms. moore: we have heard people panicking saying, boy, between me and my husband, our household, we make $252,000 a year. what do we pay to someone, a family earning $252,000 a year, that you're going to pay the higher tax rates on $2,000 of your income? mr. scott: exactly right. it probably wo
quadrupling under clinton, worse under bush, than it was at the beginning. job creation records under the clinton administration when you had the higher rate, under the bush administration, the only measure you're looking at, is it or is it not the worst since the great depression? obviously those who are paying the high rate have more of a financial interest in the stock market because there's a little bit of tax increase we're talking about, they will more than offset that by the stock market...
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i could go back to other methods of obstruction with bill clinton, who reached out all the time. that is a minor factor. of killing thee omendment tree been done to much. that resulted in some protest. it had much more to do with a concerted party strategy, which is the first time we have seen it. >> there are two separate issues -- of shrubs and on nomination and obstruction on the legislative side. you'll see these judge bowed to 99-1. remember what we are talking about. the alternative is to move it by unanimous consent. this is not like the house where there is a vote and a member of they say -- i will have a roll call vote. the majority leader can schedule a roll-call vote or not. many times he does not. one individual is filibustering the judge. and we get a vote on that, 99- one, 98-2. no one was suggests that those individuals should be required to vote yes for that judge, is what unanimous consent is. that is not what the house does. heavy had majorities in force votes. what it comes to cloture -- this idea of holding the floor. a post cloture has to do that. oftentimes
i could go back to other methods of obstruction with bill clinton, who reached out all the time. that is a minor factor. of killing thee omendment tree been done to much. that resulted in some protest. it had much more to do with a concerted party strategy, which is the first time we have seen it. >> there are two separate issues -- of shrubs and on nomination and obstruction on the legislative side. you'll see these judge bowed to 99-1. remember what we are talking about. the alternative...
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did he specify the 39.6% rate of the clinton years? he did not. so is there a little give ultimately to sort of say what if it doesn't go up to 39.6%, but say 37%, is that something the white house would accept? also, this that same interview, the president raised the possibility, which is that after you do tax reform and you close loopholes and deductions, that if the rate is raised, the top rate, there's always a possibility that after you do tax reform, of course, the top rate would then go down again. so it was -- you have to listen to the president very carefully to see where there might be some give. the problem from my point of view is that everybody knows what's got to be done in the long-term. it's the question of the short-term deal. >> john boehner, speaker of the house, he came up with a proposal. but not all the conservatives in the house and the senate are on board. jim demint, republican senator from south carolina. >> this is a time to negotiate with ourselves. we need to invite the president to work with us. his proposal was so ou
did he specify the 39.6% rate of the clinton years? he did not. so is there a little give ultimately to sort of say what if it doesn't go up to 39.6%, but say 37%, is that something the white house would accept? also, this that same interview, the president raised the possibility, which is that after you do tax reform and you close loopholes and deductions, that if the rate is raised, the top rate, there's always a possibility that after you do tax reform, of course, the top rate would then go...
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you go back to bill clinton's tax rates which we did pretty well under bill clinton, you cut some defense spending, which isn't going to get cut otherwise because the defense contractors are in practically every congressional district in the place. and you do make some human services cuts which i don't like but everybody's going to have to put something on the table here. >> steve rattner, i'm sure you would beg to differ with what howard dean had to say as far as the fiscal cliff goes. he says it's not a fiscal cliff, it's more like a fiscal slope. there are some people that occupy the left side of the american political spectrum that would agree with howard dean saying listen, it's really not that big of a deal as deficit hawks are making it out to be. you would disagree, i would guess. >> well, i think howard is disagreeing a little bit, too. i think howard is saying it's time for meaningful deficit reduction. howard's become a deficit hawk. i think howard and i would disagree probably on some of the elements of what constitutes -- >> no, but he's saying it's not a disaster if it happe
you go back to bill clinton's tax rates which we did pretty well under bill clinton, you cut some defense spending, which isn't going to get cut otherwise because the defense contractors are in practically every congressional district in the place. and you do make some human services cuts which i don't like but everybody's going to have to put something on the table here. >> steve rattner, i'm sure you would beg to differ with what howard dean had to say as far as the fiscal cliff goes....
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clinton, and they told me that bill clinton and barack obama ave had a major falling out. lou: wow, after all the campaigning? the elegant speech, really? >> because of this estrangement, i'm told, is back to the presidential election when clinton struck a deal with obama. in the deal, clinton said he'd give the nominating speech and go out and campaign for obama, but in return, he wanted a couple things from the president. first, clinton wanted to be a allowed to name the next chairman of the democratic national committee to have effective control of the party apparatus and all the money that goes with that. lou: that's a big gift. >> well, he did a big deal for obama. lou: right. >> secondly, he wanted obama to agree that he would back hillary if she runs for president in 2016, and that was a verbal commitment he believed he had from barack obama. shortly after the election, according, again, to my sources, clinton sent obama a list of five names from which he could choose the next chairman of the democratic national convention. lou: a list from clinton to the president?
clinton, and they told me that bill clinton and barack obama ave had a major falling out. lou: wow, after all the campaigning? the elegant speech, really? >> because of this estrangement, i'm told, is back to the presidential election when clinton struck a deal with obama. in the deal, clinton said he'd give the nominating speech and go out and campaign for obama, but in return, he wanted a couple things from the president. first, clinton wanted to be a allowed to name the next chairman...
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going back to the clinton tax rate, the wealth of the average american families taking a terrific head meetinghouse clothing come four years ago when the president was about to do $4000 a year. this portion which is most of us has gotten squeezed preacher meant to say. i don't think adding extra taxes on 90% will number one be very helpful to them for helpful to the economic growth and number two, how much do you want folks to bear? again, freezing those tax rates for the overwhelming majority of americans is a smart thing to do. both sides say they want to. the fight was start the next day. i think we could do what i'm talking about the negotiations underway right now could continue and they should. again, doing what i'm talking about doesn't violate what either side is fighting over. they both say this is something we want to do. again, make sure we don't have some last-minute failure at the end of december. >> host: what gives you confidence democrats up later on agreed to extending tax cuts for the wealthiest americans? >> guest: this is where i disagree with republicans. the ameri
going back to the clinton tax rate, the wealth of the average american families taking a terrific head meetinghouse clothing come four years ago when the president was about to do $4000 a year. this portion which is most of us has gotten squeezed preacher meant to say. i don't think adding extra taxes on 90% will number one be very helpful to them for helpful to the economic growth and number two, how much do you want folks to bear? again, freezing those tax rates for the overwhelming majority...